Consider the Following Salaries for the Executives of a Certain

question 225

Multiple Choice

Consider the following salaries for the executives of a certain company. }\\\begin{array} { l l } { \text { Position } } & \text { Salary } \\\text { President } & \$ 220,000 \\1 \text { st VP } & \$ 140,000 \\\text { 2nd VP } & \$ 130,000 \\\text { Supervising manager } & \$ 62,000 \\\text { Accounting manager } & \$ 62,000 \\\text { Personnel manager } & \$ 62,000 \\\text { Department manager } & \$ 26,000 \\\text { Department manager } & \$ 26,000\end{array}\end{array}">$$\begin{array}{l}\text { cellpadding="0" cellspacing="0" width } = 80 \% \text { " border="0"> }\\\begin{array} { l l } { \text { Position } } & \text { Salary } \\\text { President } & \$ 220,000 \\1 \text { st VP } & \$ 140,000 \\\text { 2nd VP } & \$ 130,000 \\\text { Supervising manager } & \$ 62,000 \\\text { Accounting manager } & \$ 62,000 \\\text { Personnel manager } & \$ 62,000 \\\text { Department manager } & \$ 26,000 \\\text { Department manager } & \$ 26,000\end{array}\end{array}$$ What is the mode?

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Definitions:

Common Stock

A type of equity security that represents ownership in a corporation, giving holders voting rights and a share in the company's profits through dividends.

Cumulative Preferred Stock

Stock that entitles its holders to any undeclared dividends that have accumulated before common stockholders receive their dividends.

Cash Dividends

A disbursement of profits from a company to its owners or investors, usually as a profit-sharing mechanism.

Common Stock

Common Stock represents units of ownership in a corporation, giving holders voting rights and a share in the company's profits through dividends.